Business & Economy

The Turkish lira fell to the lowest level in its history

The Turkish lira fell again to an unprecedented historical level after statements by President Recep Tayyip Erdogan about interest rates.
After a slight improvement in the lira during the morning hours, it fell back strongly to 11.46 against the dollar, its lowest level ever.
The war between Erdogan and interest rates is leading to a decline in the opinion of Turkish citizens, as the Turkish lira has lost more than 30 percent of its value against the dollar since the beginning of this year.

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